Statoil awards contracts for three rigs on Norwegian shelf

Posted on 03 October 2012

Statoil and its partners have awarded contracts for the Bideford Dolphin, Stena Don and Scarabeo 5 rigs on the Norwegian continental shelf (NCS). The contracts have a total value of NOK 9.17 billion, excluding potential options. The rigs will be used for production drilling for several fast-track developments, as well as drilling and completion on the Norwegian shelf.

“Securing three rigs in the current market represents a real achievement for the Norwegian shelf. The rig capacity we have secured in these contracts will contribute to achieving our production targets towards 2020, through production drilling on several of our legacy assets and starting production from fast-track developments,” Øystein Michelsen, executive vice president, development and production Norway, in Statoil, said.

The Bideford Dolphin rig, owned by Dolphin Drilling AS, will be used for production drilling on the Tordis and Vigdis fields, as well as the Statfjord field in the North Sea.

The contract will run from Q1 2014 until Q1 2017. Statoil has also secured a potential option for two more years. The estimated value of the contract is NOK 2.96 billion for the fixed period, excluding potential options.

The Stena Don rig, owned by Stena Drilling, will be used for production drilling on the Troll field, as well as the fast-track development Fram H-Nord, in the North Sea. The contract will run from Q4 2013 until Q4 2016. Statoil has also secured a potential one-year option. The estimated value of the contract is NOK 3.11 billion for the fixed period, excluding potential options.

The Scarabeo 5 rig, owned by Saipem, will be used for drilling and completion of production wells on various NCS fields. The contract will run from Q3 2014 until Q3 2017. Statoil has also secured a potential one-year option. The estimated value of the contract is NOK 3.1 billion for the fixed period, excluding potential options.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

  • Read more news